The table shows the income tax rates for different tax brackets.
| Chargeable income | Income tax rate \(\left(\%\right)\) |
|---|---|
| First \(\$20\,000\) | \(0\) |
| Next \(\$10\,000\) | \(2\) |
| Next \(\$10\,000\) | \(3.5\) |
| Next \(\$40\,000\) | \(7\) |
| Next \(\$40\,000\) | \(11.5\) |
In 2022, given that David’s chargeable income is $60,500, find his income tax payable for YA 2022.[2]
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